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FINANCIAL NEWS
Egypt-Edita Food to expand in Gulf markets
16 Oct 2016
(MENAFN) Edita Food Industries proclaimed that the firm aims to enter new markets in the Gulf region in the coming period, after a contract with Khalifa Cold Stores in KSA.
Accordingly, the company has adopted an expansion-based plan focused on marketing new brands that were obtained from Hostess Brands Co.
Additionally, the firm has obtained loans worth EGP170mn from the Arab Bank, as well as another loan of 6mn euro to finish the building of its new factory E08.
The cost of establishing the project has increased due to the appreciation of the US dollar price; the initial cost was estimated at EGP160mn.
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BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
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HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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